Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 23.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,079 shares of the company’s stock after purchasing an additional 2,491 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Enerpac Tool Group were worth $407,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. CenterBook Partners LP increased its holdings in shares of Enerpac Tool Group by 96.7% in the 3rd quarter. CenterBook Partners LP now owns 90,269 shares of the company’s stock valued at $2,386,000 after acquiring an additional 44,380 shares during the period. Invesco Ltd. grew its stake in Enerpac Tool Group by 39.0% in the third quarter. Invesco Ltd. now owns 351,954 shares of the company’s stock valued at $9,302,000 after purchasing an additional 98,763 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Enerpac Tool Group by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 578,582 shares of the company’s stock valued at $15,292,000 after purchasing an additional 15,485 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Enerpac Tool Group by 25.5% during the third quarter. Jennison Associates LLC now owns 2,661,861 shares of the company’s stock valued at $70,353,000 after buying an additional 540,747 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new stake in shares of Enerpac Tool Group in the 3rd quarter valued at about $892,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Trading Up 1.0 %

NYSE EPAC opened at $36.85 on Friday. Enerpac Tool Group Corp. has a 52 week low of $22.94 and a 52 week high of $36.87. The company has a 50 day moving average price of $34.69 and a 200 day moving average price of $31.48. The company has a quick ratio of 2.41, a current ratio of 3.11 and a debt-to-equity ratio of 0.71. The firm has a market cap of $2.00 billion, a PE ratio of 29.02 and a beta of 1.19.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings results on Thursday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $138.44 million for the quarter, compared to analyst estimates of $141.10 million. Enerpac Tool Group had a net margin of 11.75% and a return on equity of 26.38%. During the same period in the previous year, the company earned $0.35 earnings per share. As a group, sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.75 EPS for the current fiscal year.

About Enerpac Tool Group

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.